Information document of the free shares to the employees


in accordance with article 4 par. 2. f of l.3401/2005,

for the listing of new shares issued by share capital increase through capitalization of taxed profits and free distribution to employees

EFG Eurobank Ergasias S.A (“Bank”), with regard to the distribution of new free shares to the employees of the Bank and its subsidiaries, as approved by the Ordinary Shareholders’ Meeting of 8.4.2008 informs the public, in accordance with article 4 par. 2.f of l. 3401/2005, of the following:

The Bank, within the framework of rewarding the efforts and the achievements of the Group’s employees, and given the Group’s continued very strong performance and expansion, will distribute free shares to employees. The shares will be issued from a share capital increase through capitalizing taxed profits of the financial year 2007. Due to the fact that the share capital increase is in favor of the employees, there is no matter arising with respect to the exercise of preemptive rights by other shareholders, according to art. 13 par. 10 (e) of the c.l. 2190/1920.

Specifically, the share capital will increase by €3,850,000, through the issue at par of 1,400,000 new shares of nominal value €2.75 per share, by capitalizing an equal amount of the Bank’s taxed profits of the financial year 2007.

The new shares will be entitled to participate in the profits of the financial year 2008 and will be distributed free to employees of the Bank and its subsidiaries, who contribute through their individual and team performance to the success of the above mentioned entities, taking into account the contribution of each person. The Board of Directors,at its meeting of 8.4.2008, authorized the Remuneration Committee to determine, within the above framework, the employees who contributed to the success of the Bank and its subsidiaries, as well as the number of shares offered to them. Furthermore, the Board of Directors’ Remuneration Committee at its meeting on 23.4.2008 allocated the new shares to the beneficiaries, within the above framework.  

As a result of the above mentioned share capital increase, article 5 of the Bank’s Articles of Association dealing with its share capital will be amended. The Bank’s total paid-in share capital will amount to €1,447,450,504.5 divided into 526,345,638 registered shares, of nominal value €2.75 per share.

The persons responsible for this Information Document and the accuracy of its contents are:

1.       Andreas Enotiades, Head of Group Corporate Governance

2.       Efrosini Koulocheri, Group Corporate Governance Officer.

The Information Document is available at the Bank’s offices in Athens, 6 Siniosoglou Str., 14234, Nea Ionia, and in electronic form on the Bank’s website  For any further information, please contact Mrs Efrosini Koulocheri at the above mentioned offices, during working hours (tel.:210 3522361).